Question :
A man buys a truck for Rs. 2,50,000. The annual repair cost comes to 2% of the price of purchase. Besides, he has to pay an annual tax of Rs. 2000. At what monthly rent must he rent out the truck to get a return of 15% on his net invests of the first year?
1. Rs. 3359
2. Rs. 2500
3. Rs. 4000
4. Rs. 3212.5
Answer :
4 - Rs. 3212.5
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